IOTA joins the main blockchain advisor in Europe
- IOTA is one of the founders of INATBA, which aims to bring together all stakeholders within the crypto ecosystem.
- As part of INATBA, IOTA has also carried out important projects such as building social frameworks for blockchain projects.
The IOTA Foundation has been part of several major initiatives worldwide, and now it has recently become part of one of Europe’s most important blockchain councils INATBA, the International Association for Trusted Blockchain Applications.
On Tuesday 25 April, INATBA welcomed IOTA’s senior regulatory expert Mariana de la Roche to the board. As part of this leadership role, Mariana will be central to the work of building regulatory guidelines and frameworks for Europe’s blockchain industry.
[ICYMI] Congratulations on spring @Marianadlrw ! We are excited to see what this new role will bring.
read more about #IOTA and @INATBA_org here 👇— IOTA (@iota) 25 April 2023
The goal of INATBA is to bring together all stakeholders within a crypto-ecosystem that includes DLT developers, users, decision-makers, as well as regulators to work together to develop the technology and further increase its use.
Founded back in 2019 in Brussels, INATBA consists of 170 member organizations together with the IOTA Foundation as one of its founding members. Moreover, IOTA is also part of INATBA’s several working groups, including the Social Impact & Sustainability Working Group (SISWG), Privacy Working Group (PWG) and Finance Working Group (FWG).
IOTA and SISWG
The IOTA Foundation has worked with the Social Impact and Sustainability Working Group (SISWG) to provide a clear definition of social impact for blockchain projects along with creating a framework for measuring social impact.
IOTA’s Senior Regulatory Affairs Expert Mariana de la Roche has led this effort with the SISWG to bring a standardized definition of social impact to all small and medium-sized projects in this area. Without a clear definition, framework, or set of metrics, blockchain projects working on social issues face a roadblock in aligning and generating greater social impact together.
This also makes it difficult for organizations to measure social impact for the purpose of raising money or attracting stakeholders. To address this challenge, the SISWG published the Unified Definition of Social Impact for the Blockchain Sector.
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Furthermore, the IOTA foundation has been a driving force behind creating INATBA’s Crypto Guide for Non-Profits and NGOs. It’s a big deal for social impact organizations looking for funds to accept donations in crypto and digital assets. However, not all social enterprises, NGOs and non-profits have minimal crypto experience and lack understanding of the benefits and risks. Thus, SISWG has created an entire guide that shares the basic facts about accepting and holding crypto for a non-profit.
Last year in September 2022, INATBA became part of the UN Blockchain for UN Charter Values and SDGs Action Plan 100+ (BC100+). The goal of BC100+ is to raise awareness of blockchain’s potential for sustainability and social impact. It also explores the potential use of blockchain to address “issues such as inequality, poverty and climate change by rebuilding trust, strengthening communities, asserting accountability and redistributing value at a global level”.
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